Just the facts about Lake Norman, Relocating? Life in Lake Norman

Lake Norman Area Wins Top Honors for Economic Development and Donald Trump wants to Make Lake Norman “Magical”!!

 

 

For the 6th time in 8 years, Mooresville-Statesville was named top Microplitan area by Site Magazine thanks to nearly doubling the number of economic development projects in 2011!  And, Governor Perdue recently announced that our state of North Carolina has risen to 4th place for states based upon the number of new and expanded corporate facilities also by Site Magazine.  Both local and state officials say that these awards are evidence of our business-friendly climate.

More evidence of the health of our future ecomony came from a recent Penkse Truck Rental press release that ranked Charlotte in the top 10 of one-way truck rental destinations in the US.

Now, if this isn’t enough evidence of our strong local ecomonic future, guess what “The Donald” said about the Lake Norman area when interviewed recently about his interest in buying The Point Lake and Golf Club  and asked why he targeted the Lake Norman area?

“North Carolina and the Lake Norman Market in particular are a much safer investment than some of the higher-profile resort locations teeming with speculative and unproven markets” according to a recent Business Today article entitled: Trump says Lake Norman market is big draw….Market ‘stable, well occupied’. 

In fact, while in town for his meeting this week with members of The Point Lake and Golf Club in Mooresville, Trump went on to say to the Charlotte Observer:

“We love this piece of land, the lake, the tremendous lake…The views from the (golf) course are magnificent…I think Charlotte has a great future.  I think the whole area is great.  The people, the energy.  That’s why we’re going to be doing this deal…I think we can bring that course to the next level…It will be a magical place.”

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s November 2011 Hot Sheet

 

Want the very latest insight into our Lake Norman real estate market? So do I which is why, every month, I do a snapshot analysis of the middle two weeks of the month to get a sense of where our Lake Norman real estate market is at this very moment…an almost live insight into the heartbeat of the Lake Norman housing market.  These Hot Sheet reports serve as pretty good predictors of our short-term Lake Norman real estate market.

The past five months our Lake Norman housing sales have been relatively strong with a particularly stellar August and October.  (Our October sales are now at 88 after 6 more were reported since my October sales analysis making it the best October by far since the recession hit and almost as high as our 2007 sales!)

Unfortunately, it looks like we will not sustain this trend through the final months of 2011.  Based upon our numbers so far in November I don’t think we will even match November 2010’s 81 sales:

Lake Norman Real Estate’s Two-Week Hot Sheet

11/21/2011

 

* The above chart is a summary of today’s “Hot Sheet” from the Charlotte Multiple Listing Service for single family homes in all of Lake Norman (area 13).  These numbers represent a real time snapshot of the past two week’s activity.  (November 7th – 21st).  As always, I have included the past 6 months so that you can put these numbers in perspective.

 

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lake norman real estate

Economic News Provides Insight into the Future of Lake Norman Real Estate

Lake Norman real estate's future

Looking at a variety of local and state economic and business news is an important component of gaining insight into the future direction of our Lake Norman real estate market.  I collect such data from various news sources for several months and then share them with you in one blog post with the goal of helping you get a better understanding of the bigger picture in our area’s economy.  This stack of data shows some glimmer of hope: Continue reading

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